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A employee renewing the prices of processed oil in South China's Guangdong province.
The prices of processed oil lifted on March 26, announced China State Development and Reform Commission Sunday, the retail prices of gasoline raised 250 yuan per ton while that of diesel oil up 150 yuan per ton.
The Government of Guangdong Province decided to launch a series of mechanism to subsidize some of the communities and public service sectors. Moreover the provincial Government ordered various localities and government departments to improve inspection and supervision of prices of processed oil to maintain the stability of the oil prices.
Prices of processed oil in Guangdong Province
|
Retail (Yuan per liter) |
Retail (Yuan per ton) |
Wholesale(Yuan per ton) |
| No.90 gasoline |
4.18 |
5654 |
5400 |
| No.93 gasoline |
4.51 |
5993 |
5723 |
| No.97 gasoline |
4.88 |
6332 |
6047 |
| No. 0 diesel oil |
4.18 |
4903 |
4682 |
High oil price lifts CNOOC's net profit
A gas station employee in Shanghai fills up a car next to a sign showing the newly raised prices. (Photo: China Daily)
CNOOC Ltd., China's largest offshore oil producer by output, said Friday its 2005 net profit rose 57 percent on soaring oil prices and strong output growth.
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Fuel prices jump to aid battered refiners
A fuel station in Zhengzhou, central China's Henan Province, displays oil prices in this October 14 file photo. (Photo: China Daily)
Pump prices of gasoline and diesel rose more than 5 percent in Shanghai yesterday.
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China raises retail prices of processed oil
China announced Sunday its decision to lift the prices of processed oil as of March 26 while setting up a mechanism to offer some subsidies to disadvantaged communities and public service sectors.
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Editor: Yan
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